• Tapestry reports 19 percent sales increase, returns to profit

    1 month ago - By Fashion United

    Kate Spade, Business Wire
    Net sales at Tapestry Inc. totalled 1.27 billion dollars for the third quarter compared to 1.07 billion dollars in the prior year, representing a 19 percent increase.
    Commenting on the third quarter results, Joanne Crevoiserat, chief executive officer of Tapestry, said: “Through a sharpened focus on the consumer, we fueled new customer acquisition at Coach, Kate Spade, and Stuart Weitzman and delivered robust sales growth led by digital and China. Importantly, for the third consecutive quarter, we achieved operating income gains - compared to both FY20 and...
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  • Superdry reports drop in full-year revenue, but returns to growth in Q4

    1 month ago - By Fashion United

    Image: Superdry
    Superdry has reported a 21 percent drop in full-year revenue as Covid-19 continued to impact the business, but said it could “clearly see the light at the end of the tunnel” as it returned to growth in Q4.
    The British fashion retailer said its revenue in the 12 months to April 24 2021 was 556.6 million pounds compared to 704.4 million pounds a year earlier.
    By channel, store revenue fell 50.9 percent to 140.9 million pounds due to lockdowns and restrictions while stores were reopened. Wholesale revenue dropped 19.9 percent to 212.8 million pounds while e-commerce increased...
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